CMS Info Systems Ltd. Garners Rs. 330 Cr in Anchor Investments

27 January 2023
3 mins read
CMS Info Systems Ltd. Garners Rs. 330 Cr in Anchor Investments

One of India’s largest cash management companies, CMS Info Systems, gathered Rs. 330 crores from anchor investors in the exclusive pre-IPO round. This company confirmed an allocation of 1,52,77,777 shares at Rs. 216 apiece to these investors. More details of this IPO and the anchor investment round are given below.

Anchor investors who invested in the round are:

  • Abakkus Emerging Opportunities Fund
  • Aditya Birla Sun Life
  • BNP Paribas Arbitrage
  • Goldman Sachs
  • ICICI Prudential
  • Nomura India
  • SBI Life Insurance
  • SBI Mutual Fund
  • Theleme India Master Fund
  • WF Asian Reconnaissance Fund

Know About the Company

CMS Info Systems Ltd. is a leading cash management company. This company installs, manages and maintains assets for banks, financial institutions, e-commerce and retail companies.

The business operates in cash management, card personalising services, and software solutions. This company has a network of 3,965 vans and 238 branches to cover the whole of India.

A Peek into the Company’s Financials

The financials of the company for the past three years are:

Particulars For the year ended (Rs. in millions)
  31 March 2021 31 March 2020 31 March 2019
Total Assets 16,118.10 13,327.38 10,927.04
Total Revenue 13,219.21 13,882.94 11,593.19
Profit After Tax 1,685.23 1,347.09 961.41

Objectives of the IPO

The initial public offering of CMS Info Systems will be a pure offer for sale (OFS), and the company that plans to divest its shares is Sion Investment Holding Pte. Ltd. All the money raised on this IPO will go to the promoter company. There is no other reason for holding this initial public offering.

Details of the IPO are as follows:

Details Particulars
IPO Opens on 21 December 2021
IPO Closes on 23 December 2021
Issue Type Book Built Issue
Listing at National Stock Exchange, Bombay Stock Exchange
Face Value Rs. 10 per equity share
IPO Price Band Rs. 205 to Rs. 216 per equity share
Market Lot 69 shares

Bottom Line

CMS Info Systems Ltd. has a strong pan-India presence and is among the leading market players with strong basics. This company has an experienced team at the helm of its integrated business platforms. Therefore, watch out keenly for the performance of this IPO.

Frequently Asked Questions

  1. What will bethe post-issue shareholding?

Ans. Post this initial public offering, the promoter holding will come down to 65.59%.

  1. What is the maximum number of shares a person can invest in the IPO?

Ans. Any retail investor can invest in a maximum of 13 lots which is a total of 897 shares.

  1. When is the IPO listing date?

Ans. The IPO listing date is on 31 December 2021. 

Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.